Atlantic Power Declares New Monthly Dividend

Atlantic Power (NYSE: AT  ) , the utilities company with operations both north and south of the Canadian border, is continuing its streak of monthly dividend payments. For the month of April, the firm will distribute C$0.03333 ($0.3287) per share of its common stock on May 31 to shareholders of record as of April 30. That matches the firm's previous disbursement, which was handed out in late March. Prior to that, Atlantic Power's monthly distribution was significantly higher, at C$0.0937 ($0.9240) per share.

The company pointed out in the press release announcing the latest disbursement that non-Canadian taxpayers are obligated to pay a withholding tax on the dividends.

The current payout annualizes to nearly C$0.40 ($0.39) per share. That yields 8.5% at Atlantic Power's most recent closing stock price of $4.58.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2364671, ~/Articles/ArticleHandler.aspx, 5/30/2015 5:05:13 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...